We have setup this WordPress blog to run frequent updates on the progress of www.lenders4u.co.uk. We are a great fan of WordPress and in fact built Lenders4U on the WordPress.org platform. This is a new project that is just coming up to the age of 3 months old. Our aim is to develop a valuable price comparison service focussed on subprime lending in the UK. By subprime, we are referring to loan companies that lend to those who find it difficult to receive funding, usually due to past credit problems. They offer solutions when the banks say no.
Our early approach has been to profile any such lender and after this they will be quickly added to a comparison page where they will be ranked alongside their competitors on pricing and other features. We are also posting more specific financial content with the aim of covering as much of the market as we can. There is a wide selection of review websites that do a similar thing to what we are planning to do, but the difference with them is that they usually focus on collecting leads through affiliate programs. We feel that this shows bias and we want to provide impartial information.
At least this way the user can view product specs and decide themselves whether they should choose any single company over another. To stand out from the crowd the goal is very much to build the website as comprehensively as we can. This means providing plenty of detailed information and statistics that should help to distinguish us. In the initial 3 months the focus has been directed at developing new content and so we haven’t expected too much when it comes to web traffic. Our progress in the manner of hits is expected to pick up, but we understand that it will take time to grow.
When you are building for the long term we feel that it is important to be patient, but to importantly make sure that the right approach is taken and that improvements are being made on a daily basis. Through this blog we will be posting frequent updates to show how we are progressing and we will also be reporting on the industry as a whole. It has been a drastic start to the year since the industry regulator (the FCA) unleashed price capping on payday products (at 0.8% daily). This has pushed many companies into closure whilst others have had to adapt.